Loan repayments deducted straight from your pay
By working with local employers Darlington Credit Union has a scheme in place to offer the employees an easy, secure, and ethical place to save and borrow.
One of the biggest benefits of being a payroll member is that you will enjoy preferential interest rates on your loan ranging from 6.16% - 26.8% representative APR.
You will never have to worry about making payments as they are deducted straight from your pay.
In addition we ask you to save while you borrow meaning that at the end of your loan, you will be in a better financial position. Your loan will be repaid and you will have accumulated savings. Your future self will thank us and you!
Taking out a loan is a big decision. If there is anything that you would like to speak to us about with regards to our loans, get in touch. We will always be happy to talk to you.
Before you apply, make sure you are:
|Amount||Borrow up to £15,000|
|Term||From 6 months to 5 years|
|Interest||Interest rates range from 6.16% - 38.478% Representative APR|
|Same day payment||Sign your loan agreement before 3pm and have access to the funds the same day|
|Repayments||Repayments are deducted straight from your salary|
|Save as you Borrow||We believe in saving as you borrow so as part of your agreement, repayments will be split between your loan and savings. This means that after you have repaid your loan, you will have built up savings to use as you wish.|
|Early repayments||There are no fees for early repayments.|